"Unreal Engine 4 is expertly designed for the next generation of game development and the outstanding power of PlayStation 4. Today's demonstration offers a preview of what developers can accomplish using our tools to create games for PlayStation 4," he added.

Epic had previously stated that the Unreal Engine 4 could launch with next-generation consoles if studios were aggressive.

The DualShock 4 controller, which was leaked before the event, appears similar in design to the standard PS3 controller, except for a touch pad, share button, and light bar that acts like a PlayStation Move.

Using Gaikai cloud technology, users will be able to play PS4 games remotely using Vita, similar to using the Wii U GamePad.